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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Bitmain admits hardware problems with Antminer S17



Chinese processing hardware manufacturer Bitmain has admitted there are problems with its Antminer S17, following a growing number of complaints posted to social media.

The company acknowledged that some users were experiencing problems, the first time it has acknowledged the difficulties many of their customers had been reporting online. According to a spokesperson for the company, Bitmain was beginning to negotiate with customers who had run into difficulties with their hardware.

Antminer is paying close attention to the issues of some products from the 17 series, which has recently been mentioned by the media.

The issue first raised its head earlier this month, after an entrepreneur started a Telegram group to highlight what he described as a "bad batch" of S17 units. According to the group, some 30% of the models delivered had experienced serious glitches or failed within a single month of operation.

Having grown to some 160 members, the group now contains several other mentions of users experiencing problems with their units.

The reports echo similar findings published by blockchain infrastructure company Blockstream, which suggested 20-30% of S17 customers were experiencing problems with their technology. CoinGeek has also spoken to several to large transaction processing companies in the space that have confirmed this news, saying that they've also experienced "failure rates of 2-3x for the T17 units compared with the S9s" while "Bitmain have reduced and closed repair centers in various global locations."

The embarrassing acknowledgement comes as Bitmain prepares to ship out its latest batch of S19 units, which are expected to be delivered from May 11.

The S19 has been designed to process digital currencies more productively, ahead of the BTC halving due to take place soon.

According to the Bitmain representative, the company has "begun to negotiate solutions with customers who have encountered issues from the product. Antminer has always been adhering to the concept of placing customers first. If any customer has any product issues, please contact the official customer service of Antminer at any time."

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